What is Intercultural Communication and How to Improve it
Increased and improved communication in today’s internet age has led to intercultural communication. People talk and communicate across states, cultures, and/or religion. While technology has made communication faster and easier, it is important that intercultural communication is handled with a lot of sensitivity. What can possibly go wrong? People encode and decode or interpret messages […]
Tips to Improve Interpersonal Relations at Workplace
Interpersonal relationship refers to a strong association among employees either working together in the same team or same organization. Employees must get along well for a positive and healthy ambience at the workplace. Let us go through some tips to improve interpersonal relationship at workplace. Do not treat office as your home. There is a […]
Ethics in Sales and Marketing
Markets present a clash of interest between various players. There is competition for resources, customers and price etc, which breeds ground for activities that may not get ethical sanctions. A certain code of conduct, policies and practices called ethics are required to manage markets and marketing. Marketing is the heart of all businesses and all […]
Forces of Organizational Change: Planned vs. Unplanned Change and Internal & External Change
In the fast-changing business environment, the contemporary organization’s must learn to be more adaptable and flexible for successfully facing the environmental challenges. Most of the organizational changes are implemented in a planned manner for realizing the specific objectives or goals. However, organizational change can be implemented in any one of the following ways as described […]
Reasons for Office/Workplace Politics
Politics arises when employees try to gain something which is beyond their control by tarnishing their colleague’s reputation. It has been observed that employees who are indulged in office politics pay less attention to their work. Individuals play politics at the workplace when they tend to misuse their power simply to come in the limelight […]
Most of us have a fair idea what property means and what the concept of owning property means. However, the concept of property is a rather new phenomenon in the history of humanity if one considers the evolution of humankind from time immemorial to the present times.
To put it into perspective, it was only during the time of the Renaissance and the Enlightenment that prominent thinkers came up with the concept of property as a means of ownership and the role of the state in regulating the uses of property.
For instance, in many countries before this era, the concept of property was vaguely defined wherein the Kings and the Princes used to regulate who owns how much and where.
During the Renaissance, the concept of private property was codified wherein the average person could own property provided he or she paid the requisite duties and the taxes to the state.
The concept of property is closely tied with the evolution of the concept of the nation state, as each is synonymous with the other. As a matter of fact, without the umbrella protection of the state, the concept of property does not hold meaning.
Turning to how the concept of property is understood in different political systems, it is only capitalism that provides explicit means of ownership of property and rights over the land in exchange for taxes and duties.
In the erstwhile USSR, which was a communist country, there was no concept of private property and all that was owned by the state. This was the case in China until recently as well wherein the liberalization of the Chinese economy with the advent of “Red Capitalism” made it possible for individuals to own property and at the same time for the state to regulate the ownership.
The key aspect here is that the concept of property and the clear titles to the land are the keys to the mystery of capital as without clear directions on who owns what and how much, it is not possible for the capitalists to raise capital pledging the property. This theme would be explored in detail in subsequent articles.
It would suffice to state here that unless there is a regulatory mechanism that oversees the proper administration of property, the capitalist system would be unable to function smoothly.
Finally, it has become the norm these days to regulate the use of the commons or what is the nature’s gift to humanity.
In other words, the air we breathe, the water we drink, the land that is available, and the rivers and seas on which we depend all are known as the commons and hence, there has been a concerted move to ensure that they are properly distributed and accounted for. This is another theme that we would be exploring in subsequent articles.
In conclusion, as pointed out earlier, the concept of property is one of the pillars that underpin the capitalist system and hence, it is in the interest of the state to regulate its usage in an effective manner.
Your email address will not be published. Required fields are marked *
What is Compassionate Capitalism and Why We Need it in These Times of Planetary Crisis ?
February 12, 2025
Is Too Much Democracy Bad for Business? Does Democracy Help or Hinder Growth?
February 12, 2025
